University-industry scientific production and the Great Recession

J.M. Azagra-Caro (Corresponding author), R.J.W. Tijssen, E.M. Tur, Alfredo Yegros-Yegros

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

R&D spending, be it university or industrial spending, has a positive impact on the scale of scientific production. However, the impact of R&D spending on joint university-industry scientific production, which may vary significantly according to the phase of macroeconomic cycles, is likely to be more complex than the impact on either within-university or within-industry production. We test this assumption in the context of the OECD countries and other economies against the backdrop of the Great Recession (2007-2013). Industry R&D spending dominated university-industry scientific production, but the crisis changed the impact of that spending source, which was negative during the previous expansion and became positive during the subsequent stagnation. The Great Recession had an absolute negative impact on university-industry scientific production, but also a moderating positive impact on industry R&D spending, to the extent that the few countries where this spending increased faster during the Great Recession saw university-industry scientific production rise. Positive effects were more pronounced with regards to 'domestic' university-industry scientific production, where collaborating universities and business companies were located in the same country.
LanguageEnglish
Pages210-220
JournalTechnological Forecasting and Social Change
Volume139
DOIs
StatePublished - 1 Feb 2019

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Azagra-Caro, J.M. ; Tijssen, R.J.W. ; Tur, E.M. ; Yegros-Yegros, Alfredo. / University-industry scientific production and the Great Recession. In: Technological Forecasting and Social Change. 2019 ; Vol. 139. pp. 210-220
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University-industry scientific production and the Great Recession. / Azagra-Caro, J.M. (Corresponding author); Tijssen, R.J.W.; Tur, E.M.; Yegros-Yegros, Alfredo.

In: Technological Forecasting and Social Change, Vol. 139, 01.02.2019, p. 210-220.

Research output: Contribution to journalArticleAcademicpeer-review

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